Chief of Finance Regulatory Panel
In Japan Is Sharply Criticized

TOKYO -- Japan's new chief financial regulator came under fire from critics who doubted his commitment to overhauling Japan's rickety financial system.

Hideyuki Aizawa, 81, took over Monday as head of Japan's Financial Reconstruction Commission, after Prime Minister Yoshiro Mori accepted the resignation of his predecessor, Kimitaka Kuze, on Sunday. Mr. Kuze stepped down after admitting that he received more than 200 million yen ($1.8...